Nor Shamsiah Mohd Yunus has been named as the new governor of Bank Negara Malaysia (BNM)(Illustrative photo: AFP/VNA)
Kuala Lumpur (VNA) - Nor ShamsiahMohd Yunus has been named as the new governor of Bank Negara Malaysia (BNM).
Nor Shamsiah served as deputy governor of the BNM for six years and her termended in 2016.
She replaces Muhammad Ibrahim, who stepped down earlythis month, just two years after he was appointed. His resignation followed doubtson the role of the BNM in an agreement related to the strategic investment fund– 1Malaysia Development Berhad (1MDB).
1MDB is formed by then PM Najib Razak in 2009 with an aim to serve thecountry’s socio-economic development. Najib was accused for the loss of 3.7billion USD in transactions with other countries through the 1MDB. However, thefund representative and the former leader repeatedly rejected the accusation.
New PM Mahathir Mohamad has vowed to investigate the case and reclaim the loss.-VNA
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Nor Shamsiah Mohd Yunus has been named as the new governor of Bank Negara Malaysia (BNM)(Illustrative photo: AFP/VNA) 
